SPO.L Regulatory News (SPO)

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ALL DEFINED TERMS USED IN THIS ANNOUNCEMENT HAVE THE MEANING GIVEN TO THEM IN THE ANNOUNCEMENT MADE BY THE COMPANY ON 27 JANUARY 2010 AT 7.00 A.M., UNLESS OTHERWISE DEFINED HEREIN.

For immediate release

11 February 2010

Sportech PLC

("Sportech" or the "Company")

Result of Firm Placing and Placing and Open Offer

On 27 January 2010, the Board of Sportech announced details of a Capital Raising to raise gross proceeds of approximately £29.2 million through the Firm Placing of 38,285,000 Firm Placed Shares and the Placing and Open Offer of 20,130,520 Open Offer Shares, both at an Issue Price of 50 pence per share. The commitments of Placees in respect of Open Offer Shares to be issued pursuant to the Open Offer were subject to clawback to satisfy valid applications in respect of them by Qualifying Shareholders. The Firm Placed Shares were not subject to clawback and were not part of the Open Offer.

The Open Offer closed for acceptance at 11.00 a.m. on 11 February 2010. The Company is pleased to announce that it has received valid acceptances in respect of 9,459,061 Open Offer Shares from Qualifying Shareholders. This represents approximately 47.0 per cent. of the Open Offer Shares offered. The remaining 10,671,459 Open Offer Shares, representing approximately 53.0 per cent. of the Open Offer Shares, have been allocated to the Placees with whom they had been conditionally placed.

The Capital Raising remains conditional, amongst other things, upon the approval of Shareholders at the Extraordinary General Meeting, to be held at 11.00 a.m. on 12 February 2010 and Admission occurring by no later than 8.00 a.m. on 15 February 2010 or such later time or date as the parties to the Placing Agreement may agree.

Application has been made to the UKLA for the Capital Raising Shares to be admitted to the Official List and to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on the London Stock Exchange's main market for listed securities. It is expected that Admission of the Capital Raising Shares will become effective on 15 February 2010 and that dealings in the Capital Raising Shares will commence at 8.00 a.m. on 15 February 2010.

The Capital Raising Shares, when issued and fully paid will rank equally in all respects with the Existing Ordinary Shares, including the right to receive all dividends or other distributions made, paid or declared after the date of announcement of the Capital Raising.

The Capital Raising Shares (in uncertificated form) are expected to be credited to CREST accounts on or around 8.00 a.m. on 15 February 2010 and definitive share certificates for the Capital Raising Shares (in certificated form) are expected to be despatched to certificated shareholders by no later than 28 February 2010.

The Acquisition remains conditional on, amongst other things, the approval of Shareholders at the Extraordinary General Meeting to be held at 11.00a.m. on 12 February 2010, Admission of the Capital Raising Shares occurring by no later than 8.00 a.m. on 15 February 2010 or such later time or date as the parties to the Placing Agreement may agree, receipt of certain Governmental approvals and Admission of the Consideration Shares.

Commenting on the results, Ian Penrose, Chief Executive of Sportech, said:

"We are pleased with the level of support from our existing shareholders

and also welcome a number of new institutional and strategic shareholders to the Group."

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